[Exclusive Interview] This Is Why Finance Behemoth Nuvama Wealth Has Joined Forces With Pickright Technologies

Recently, we interacted with representatives from Pickright Technologies regarding their recent merger with Nuvama Wealth Management firm.

Here are the interview highlights:

1) What was the reason behind this merger? Does it provide Pickright Technologies a strategic position over its competitors ?

We see this more as a strategic investment from Nuvama Wealth rather than a merger. This helps Pickright in providing unparalleled service and make smart financial advice accessible to everyone. Our combined efforts will revolutionize the wealth-generation space, empowering users with groundbreaking engagement and innovative advice.

2) How do you see this merger or acquisition creating value for both companies and their stakeholders?

Nuvama wealth is a force to reckon with within the financial industry. Pickright being at a nascent stage and getting associated with Nuvama wealth will help Pickright to position itself as a trusted wealth management platform. With Nuvama’s experience and backing, we will grow and create the right wealth tech platform catering to the next generation. For Nuvama Wealth, it will be a valuable addition to addressing the news of clientele by providing them with a smart advisory across asset classes. 

3) How will the integration of the two companies be managed, including organizational structure, culture, and systems?

Pickright continues to operate on its own, following the startup culture with a small team. As mentioned earlier this will be seen as a strategic investment rather than a merger.  Pickright will retain its startup culture and flavor, we remain Pickright and work with partnerships with all brokers in India. Thus creating a true wealth management product for the next billion investors.

4) What does the merger mean for your customers and how will it impact them?

Ideally, there is no impact on the customers. If at all, it will have a good impact as we will be having the backing of the wealth management leaders, this will lead toward greater trust on the platform and the advisory.

5) What are the long-term goals and vision for the combined company after the merger or acquisition?

For Pickright, Creating a multi-diverse asset wealth management platform with smart advisory has been the goal and we will be working on the same. Investing is made easy with Pickright. Partnering with different channels offering wealth management services to Indians is what we aim for and we are on that path!